Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $2.71 Million Stock Position in QUALCOMM Incorporated $QCOM

Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 7.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,022 shares of the wireless technology company’s stock after acquiring an additional 1,131 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in QUALCOMM were worth $2,711,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Abundance Wealth Counselors raised its stake in shares of QUALCOMM by 0.9% during the 2nd quarter. Abundance Wealth Counselors now owns 7,861 shares of the wireless technology company’s stock worth $1,267,000 after purchasing an additional 70 shares in the last quarter. Abacus Planning Group Inc. grew its holdings in QUALCOMM by 5.5% in the 2nd quarter. Abacus Planning Group Inc. now owns 2,045 shares of the wireless technology company’s stock valued at $326,000 after buying an additional 107 shares during the last quarter. Hilltop National Bank acquired a new stake in QUALCOMM in the 2nd quarter valued at approximately $1,559,000. Matauro LLC acquired a new stake in QUALCOMM in the 2nd quarter valued at approximately $589,000. Finally, Triad Wealth Partners LLC grew its holdings in QUALCOMM by 44.1% in the 2nd quarter. Triad Wealth Partners LLC now owns 4,810 shares of the wireless technology company’s stock valued at $766,000 after buying an additional 1,472 shares during the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at QUALCOMM

In other news, insider Heather S. Ace sold 1,600 shares of the firm’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $146.40, for a total value of $234,240.00. Following the completion of the sale, the insider directly owned 21,193 shares in the company, valued at $3,102,655.20. This trade represents a 7.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Neil Martin sold 791 shares of QUALCOMM stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $154.82, for a total value of $122,462.62. Following the transaction, the chief accounting officer owned 1,106 shares of the company’s stock, valued at $171,230.92. This trade represents a 41.70% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 159,767 shares of company stock worth $26,322,745. Corporate insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on QCOM. Mizuho decreased their price objective on QUALCOMM from $190.00 to $185.00 and set an “outperform” rating on the stock in a report on Thursday, July 31st. Piper Sandler reduced their price objective on QUALCOMM from $190.00 to $175.00 and set an “overweight” rating on the stock in a research note on Thursday, July 31st. JPMorgan Chase & Co. boosted their price objective on QUALCOMM from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. UBS Group boosted their target price on QUALCOMM from $145.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, July 21st. Finally, Citigroup reiterated a “hold” rating on shares of QUALCOMM in a report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, QUALCOMM presently has an average rating of “Moderate Buy” and an average target price of $182.82.

QUALCOMM Trading Up 0.2%

Shares of QCOM stock opened at $169.18 on Friday. The stock’s fifty day moving average price is $159.51 and its two-hundred day moving average price is $153.29. The company has a market cap of $182.55 billion, a PE ratio of 16.31, a P/E/G ratio of 2.46 and a beta of 1.23. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.06. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The company had revenue of $10.37 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter last year, the business posted $2.33 EPS. QUALCOMM’s revenue for the quarter was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Equities analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th were given a $0.89 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $3.56 annualized dividend and a dividend yield of 2.1%. QUALCOMM’s dividend payout ratio (DPR) is 34.33%.

QUALCOMM Profile

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.